IuteCredit Bulgaria trebles interest income in 2023

IuteCredit Bulgaria's net loan portfolio nearly doubled to some 9 million euro at the end of last year from 4.67 million euro a year earlier, Iute Group said in an annual financial statement earlier this week.

The group provides unsecured instalment loans and 'buy now, pay later' loans with maturities between one month and two years, as well as collateralised loans with maturities of up to six years, its website shows.

Tallinn-headquartered Iute Group entered the Bulgarian market in 2019. It also operates in Albania, Moldova and North Macedonia.

($ = 0.9222 euro)